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Chemoil in Singapore, Fujairah and Rotterdam

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Chemoil in Singapore, Fujairah and Rotterdam ).$%0%.$%.4).4%,,)'%.#%&/24(%',/"!,"5.+%2).$53429 www.bunkerspot.com Volume 4 Number 6 December 2007 / January 2008 PHYSICAL ATTRACTION: Chemoil in Singapore, Fujairah and Rotterdam s3POTLIGHTON"IOFUELS s4ERMINAL6ETTING s4!-!2!!RBITRATION s%NERGY3ECURITY s"UNKERINGIN#ANADA s0EOPLEAND0LACES s.EWSAND%VENTS Contents NEWS Bunker Markets and Prices 6 Europe 8 Head Office: Americas 12 Petrospot Limited Petrospot House Africa and Mideast 14 Sommerville Court Trinity Way Adderbury Asia Pacific 15 Oxfordshire OX17 3SN England Tel: +44 1295 81 44 55 COMPANY PROFILE Fax: +44 1295 81 44 66 Email: [email protected] Ian Taylor quizzes Adrian Tolson on Chemoil’s plans to become a major bunker supply Website: www.bunkerspot.com force in Rotterdam, Singapore and Fujairah 16 Publishing Manager / Editor Ian Taylor Tel: +44 1295 81 44 55 COUNTY PROFILE Mobile: +44 7876 70 45 41 Email: [email protected] David Waterman looks at the Canadian bunker market 20 Publisher Llewellyn Bankes-Hughes Tel: +44 1295 81 44 55 LEGAL ISSUES Mobile: +44 7768 57 44 30 Dutch lawyers Carel Baron van Lynden and Marcel Verhagen assess the benefits of using Email: [email protected] TAMARA arbitration in bunker dispute resolution 24 Associate Editor Lesley Bankes-Hughes Tel: +44 1295 81 44 55 BUNKERSPOT WORLD MAP Email: [email protected] Global prices and news at a glance 26 Reporter David Waterman Tel: +44 1295 81 44 55 Email: [email protected] OPERATIONAL ISSUES Advertising and Sales In the second installment of our series on barging, Buffalo Marine reports on the efforts Ria Armstrong it has made to improve and innovate its bunkering operations 28 Tel: +44 1295 81 44 55 Email: [email protected] Capt. Howard Snaith, INTERTANKO’s Marine Director, talks to Bunkerspot about Subscription and Events Coordinator the significance of hosting the Terminal Vetting Database on the Q88.com website 32 Robyn Camilleri Tel: +44 1295 81 44 55 David Plummer unveils some of the new capabilities on offer from Pole Star’s Fleet Email: [email protected] Manager product 34 Events Manager Luci Llewellyn-Jones Tel: +44 1295 81 44 55 TECHNICAL ISSUES Mobile: +44 7775 92 42 24 Email: [email protected] Daniel Kane, VP of Propulsion Dynamics, talks to Bunkerspot about the role of hull performance monitoring in achieving fuel conservation 38 Events and Marketing Executive Alison Parsons Tel: +44 1295 81 44 55 Email: [email protected] ENVIRONMENTAL ISSUES Events Sales Manager David Waterman looks at the potential of biodiesel as an alternative fuel for the Luke Hallam Evans shipping industry 40 Tel: +44 1295 81 44 55 Mob: +44 7815 86 73 52 Email: [email protected] Jon Watson of Razaghi Meyer International considers how the propaganda machine may be undermining the aims of MARPOL 44 Accounts Miles Walsh Tel: +44 1295 81 44 55 Email: [email protected] SECURITY ISSUES Stan Ayscue of Securewest International looks at global security issues in maritime Cover Photo: Courtesy of Chemoil Energy energy transportation 47 EVENTS Events and training course diary 49 NETWORKING People on the move, and a review of the latest BunkerNews Directory 50 Bunkerspot is an integrated news and intelligence service for the international bunker industry. The bi-monthly magazine and 24/7 electronic news service, www.bunkerspot.com, both provide highly-specific information on all aspects of the marine fuels industry. Bunkerspot Magazine (published in February, April, June, August, October and December) annual subscription rate, including unlimited access to the website www.bunkerspot.com, is $430 / £225 / %315. ISSN 1741-6981. Copyright Petrospot Limited © 2008. All rights reserved. Published by Petrospot Limited, a dynamic & independent publishing, training and events organisation, focused on providing information resources for the transportation, energy and maritime www.bunkerspot.com industries. Disclaimer: Bunkerspot is an editorially independent magazine and electronic news information service. The information contained in the magazine and website is presented in good faith. Opinions expressed are not necessarily those of Petrospot Limited, which does not guarantee the accuracy A one-year subscription is only of the information contained in Bunkerspot. Nor does Petrospot accept responsibility for errors or omissions or their consequences. £225/$430 for both the magazine No part of Bunkerspot may be reproduced, stored in a retrieval system or transmitted in any form or by any means electronic, mechanical, and unlimited website access photographic, recorded or otherwise, without the prior written permission of the publisher. Designed by Matthew Stuart. bunkerspot December 2007 / January 2008 www.bunkerspot.com 3 Bunker Markets & Prices MONTHROLLINGPRICECHARTS 380 CST Fuel Oil 600 Houston 380 Singapore 380 500 Fujairah 380 400 Rotterdam 380 PRICE $/tonne 300 200 DJFMAMJJASON -ARINE$IESEL/IL 1000 Houston MDO Singapore MDO 800 Fujairah MDO Rotterdam MDO PRICE $/tonne 600 400 DJFMAMJJASON /ILPRICESPULLBACKFROMTHE A BARRELBRINK Moving in line with crude oil markets, that this was a ‘fair price’. In fact, Chavez concluded that Iran had halted its work on bunker fuel and marine distillate prices told an OPEC summit that crude oil prices the development of nuclear weapons some rose steadily in October and for much of could even double to $200 a barrel if the US four years ago. November, before dipping after the late were to make any attempts to attack Iran. The US President George W. Bush said November US Thanksgiving holiday. After Thanksgiving, however, the price that the report did not let Iran off the hook The rising cost of crude oil in October and of crude oil on NYMEX slid back to around completely. Clearly, he reasoned, Iran did November could be attributed to several $90 a barrel. Trying to explain the dip, have plans to develop nuclear weapons factors, not least the weakening dollar, while analysts pointed to reports that some in the past, and so it may decide to do the Organization of Petroleum Exporting OPEC members had let it be known that so again in the future. ‘Look,’ said Bush, Countries (OPEC) limits on production they would be willing to increase oil exports ‘Iran was dangerous, Iran is dangerous remained tight. Instability in the Mideast to take the heat out of the market. The and Iran will be dangerous if they have the region also played its part in pushing up analysts also said that the market had been knowledge necessary to make a nuclear the price. artificially buoyed up by traders who had weapon.’ However, it was generally felt the The price of crude oil on the New York been ‘chasing the historic $100 a barrel report would make it significantly harder for Mercantile Exchange (NYMEX) came mark’. the US Administration to win international within a few cents of the $100 a barrel mark Another factor which has – for the moment support for a military foray in Iran. in the days leading up to Thanksgiving. at least – brought oil prices back from the So, the overall trend for bunker fuel While this caused a stir in the markets, $100-a-barrel brink, is the release, in early and oil prices generally has been upward. Venezuela’s President Hugo Chavez insisted December, of a US intelligence report which Despite the dip in early December, bunker 4 www.bunkerspot.com December 2007 / January 2008 bunkerspot Company Profile: Chemoil Energy )NDEPENDENTS$AY Ian Taylor quizzes Adrian t the recent ARACON early 1990s. Firstly, it decided that it would Tolson on Chemoil’s plans Conference in Amsterdam (17-19 henceforth target markets where it could AOctober), there was much talk ‘add value’, differentiating itself from its to become a major bunker of bunkering being at the ‘crossroads’, competitors by, for example, offering a full with shipowners and bunker suppliers control of its supply chain. Secondly, it supply force in Rotterdam, desperately looking for direction on determined that it would focus on first-tier Singapore and Fujairah tough issues such as sulphur emissions bunker ports where it could be assured of and coping with spiralling crude prices. supplying large volumes. But one speaker – Adrian Tolson, Now let’s fast forward to 2007. Over the Chemoil’s Vice President for sales and past 12 years, Chemoil has indeed followed marketing – saw a ‘road paved with through on its international mission. The opportunity’. company has returned to Panama, and this The challenges ahead are significant, time it has carved out a market niche conceded Tolson, but so are the potential which is both growing and profitable. In rewards. Success in this game calls for the US, Chemoil is now stronger than ever adaptability and lateral-thinking – qualities in its core ports, seizing the largest market more readily associated with independents share on the US West Coast and leading than the majors. Tolson urged his fellow the supply of cleaner fuel products. There suppliers to embrace their destiny: have been some false moves – a short-lived ‘Independent bunker suppliers have an foray in Istanbul springs to mind – but the unprecedented opportunity to take a more ‘controlled expansion’, aided by support from prominent role in the industry as well as Itochu Corporation and latterly an initial be the driver for positive change in the public offering (IPO) on the Singapore stock marketplace.’ exchange, has been impressive. The time has come, added Tolson, ‘for the Most importantly – and very much in independents to stop hiding!’ keeping with the continuing focus on Certainly, no-one could accuse either first-tier ports – Chemoil is building up Chemoil or its charismatic chairman and physical supply operations in Rotterdam founder, Robert Chandran, of being shy and and Singapore and is now poised to enter retiring. the Fujairah market. This will put Chemoil In preparing for my interview with Tolson, in a uniquely powerful position – the only I revisited a profile on Chemoil which I bunker company with full control of its wrote for the November 1995 edition of the supply operations in all three of the world’s now-defunct BunkerNews.
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